Cost Method Company P and Subsidiary Company S Worksheet for Consolidated Financial Statements For Year Ended December 31, 2015 Eliminations and Adjustments: (CY2) Eliminate intercompany dividends. (EL) Eliminate 90% of the Company S equity balances at the beginning of the year against the investment account. (D) /(NCl) Distribute the $27,000 excess cost and the $3,000NCl adjustment as indicated by the D\&D schedule on page 119 . (A) Amortize the patent for the current year